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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Commercial real estate
188 Kearny Ave Kearny, NJ 07032-2438
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0084362
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
9,900 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C3
APN
07 00243-0000-00002
UPID
US59-0084362
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kearny Farmers Market Grocery & Convenience Store Food Market
-
Kearny Florist (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.19M
Owner & transaction history
Kearny Management LLC · 1 yrs held
Kearny Management LLC
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
C3 · Kearny, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kearny submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kearny submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,105,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
$2,725,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,330,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,525,000
Change: +8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,100,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $2.26M (Apr 25 2025)
Last sale anchor
$2.26M
Apr 25 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$221 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,262
Tax year 2022
Assessed value
$325,000
Assessed 2023
Previous assessed
$325,000
+0.0% YoY
Effective rate
10.54%
On assessed value
Assessed land
$100,000
Assessed improvement
$225,000
Land market value
$100,000
Improvement market value
$225,000
Total market value
$325,000
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Stories
1
Total area
9,900 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C3
APN
07 00243-0000-00002
UPID
US59-0084362
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C3 · Kearny, NJ
Zoning C3 · permitted uses
C3 · Kearny, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kearny. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Kearny Management LLC
Entity
Mailing address
289 RDG RD, RUTHERFORD, NJ 07070-2824
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
$2,260,000
Kearny Management LLC
Ksr Realty Investments LLC
Deed
$1,300,000 · Habib American Bank
Jan 24, 2022
—
Ksr Realty Investments LLC
—
Deed
related
$1,251,250 · Provident Bank
May 21, 2016
—
Ksr Realty Investments LLC
—
Deed
related
$1,100,000 · Td Bk NA
May 20, 2016
$1,575,100
Ksr Realty Invs LLC
Jeffrey Family Associates-188
Grant Deed
—
May 20, 2016
—
Associates-188 Jeffrey
Jeffrey Family Associates-188
Quit Claim Deed
related
—
May 9, 2005
—
Jeffery Family Associates 188 LLC
Jeffrey Family Associates 188 LLC
Deed
—
Aug 8, 2003
$605,000
Jeffrey Family Assocs 188 LLC
Ryan,maria J & Robert M SR
Grant Deed
—
—
—
Ksr Realty Investments LLC
—
Deed Of Trust
related
$1,100,000 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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